Global Proteomics Market was worth USD 12.54 billion in 2016 and is expected to reach USD 21.87 billion by 2021 with a CAGR of 11.7 %.
Hyderabad, India -- (SBWIRE) -- 02/09/2018 -- According to a new market research report "Proteomics Market by Instrument (Protein Microarrays (Biochips, and Microarray instruments), Spectroscopy, X-ray crystallography, Chromatography, Electrophoresis, Surface Plasmon Resonance, and protein fractionation), Reagent (Protein Microarray Reagents, Spectroscopy Reagents, X-Ray Crystallography Reagents, Chromatography Reagents, Electrophoresis Reagents Immunoassay Reagents, Protein Fractionation Reagent), Service & Software (Analytical Laboratory Services, Data Analysis & Maintenance and Quantitation Services), Application (Diagnostics, Drug Discovery and other proteomic Application) - Global Forecast to 2021", published by MarketDataForecast™, the market is expected to reach USD 21.87 Billion by 2021 from USD 12.54 Billion in 2016, at a CAGR of 11.7%. Proteomics is employed to measure the speed of super molecule production, the interaction of proteins with each other, the involvement of proteins in metabolic pathways, and modification of proteins. Additionally, it finds intensive applications in drug discovery, development of personalised medicines, and identification of diagnosing, that has a light-emitting diode to the stellar growth of the genetics market within the past few years. With the rise in awareness concerning the advantages of personalised medicines, corporations and government organizations have raised their R&D expenditure on the event of genetics and these factors are driving the market.
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Protein fractionation segment accounted for the largest market share in 2016
By Instrument, the Proteomics Market is classified into Protein Microarrays, Spectroscopy, X-ray crystallography, Chromatography, Electrophoresis, Surface Plasmon Resonance, and protein fractionation. Protein fractionation segment accounted for the major shares of the market in 2016 and is likely to widen its market size in the forecast period.
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Protein Fractionation Reagent segment is expected to dominate the market in 2016
Based on Reagent, the market is segmented into Protein Microarray Reagents, Spectroscopy Reagents, X-Ray Crystallography Reagents, Chromatography Reagents, Electrophoresis Reagents Immunoassay Reagents, and Protein Fractionation Reagent. Protein Fractionation Reagent segment is anticipated to dominate the market in the forecast period.
Analytical Laboratory Services segment is estimated to command for the largest share of the market during the forecast period
Based on Service & Software, the market is segmented into Analytical Laboratory Services, Data Analysis & Maintenance and Quantitation Services. Analytical Laboratory accounted for the largest share of the Proteomics Market owing to its effective diagnosis and research.
Clinical Diagnostics segment is to lead the market in the forecast period.
Based on Application, the market is segmented into Clinical Diagnostics, Drug Discovery and other proteomic applications. The Clinical Diagnostics segment accounted for the biggest share of the world Proteomics Market in 2016. This can be attributed to the understanding of the investigation and understanding patterns of macromolecule expression for diseases and drug development. Whereas, the drug discovery phase is predicted to register the best CAGR throughout the forecast amount thanks to the continual look for different and economical ways to deliver increased medication and also the increasing R&D investments from pharmaceutical and biotechnology corporations.
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North America is estimated to command the largest share of the market
Based on region, the Proteomics Market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. North America accounted for the biggest share of the Proteomics Market, followed by Europe. The massive share of this regional phase may be attributed to factors like straightforward availability of funds from varied organizations for concluding proteomic analysis victimization innovative technologies and demanding regulative necessities concerning pharmaceutical producing. The Asia-Pacific region is predicted to witness the best growth during the forecast period majorly because of availability of biopharmaceutical analysis infrastructure and growing economies in Japan and India.
Key players in the Proteomics Market include Agilent Technologies Inc., Bio-Rad Laboratories, Inc., Bruker Corporation, Danaher Corporation, GE Healthcare, Luminex Corporation, Merck KGaA, PerkinElmer Inc., Thermo Fisher Scientific, Inc., and Waters Corporation.
The scope of the report provides:
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Addresses the opportunities by better understanding the market through size estimates and growth rate analysis to forecast the market for the future
Extensive segmentation to understand the dynamics of market at a very granular level by splitting down the market to the smallest segment
Addresses the key market dynamics involving the drivers, restraints and challenges with an aim of providing insights for gaining market share
The factors responsible for the shaping of the industry as it is as a result of competitive environment is analyzed through Porter's Five Forces
The effects of political, economic, social, technological, legal and environmental factors on the industry is analyzed through PESTLE analysis to better understand the aspects of strategic management required to comply with the exogenous and endogenous factors
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